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  1. W

    oversold scan following market "rout"

    Barron's weekly print will give them to you. Or you can use portfolio123 at www.portfolio123.com. Sign up for free and enter the following: (Hi(5) - Low(0)) / Hi(5) >= .5 This will give you stocks where the difference between the High 5 days ago and the current low is greater or...
  2. W

    ES Journal Archive (2006 - 2008)

    Buy1Sell2- "Start with 1 contract and add one on the next trade until you have the big winner. (No martingale--that would be doubling, so just add one each time). What's the result?" Are you buying 1 contract at each price level you average into or are you buying 1 more contract than the...
  3. W

    ES Journal Archive (2006 - 2008)

    speaking of playing breakouts, a break of 1413 should get us a 10 point move above that - 1424.
  4. W

    ES Journal Archive (2006 - 2008)

    Although occassionally there are situations where the market will go 3+ standard deviations.
  5. W

    ES Journal Archive (2006 - 2008)

    B1S2, what does "salvo" stand for? I am already in with my initial salvo. Thanks
  6. W

    ES Journal Archive (2006 - 2008)

    and it is amazing how so many ignore the obvious, perhaps it's just too simple. Why will so many consumers buy the more expensive car when the cheaper car is built in the same factory. It just has a fancier outside and a higher price slapped on to it.
  7. W

    ES Journal Archive (2006 - 2008)

    If you are following B1S2, regardless whether trading or investing, it's about playing with dry hands.
  8. W

    ES Journal Archive (2006 - 2008)

    William Bernstein - "In poker, the player who is least concerned about the size of the pot has the advantage, because he is much less likely to lose his nerve than his opponents. If you have a properly diversified portfolio, you are in effect making many small bets, none of which should ruin...
  9. W

    ES Journal Archive (2006 - 2008)

    what is "salvo?"
  10. W

    ES Journal Archive (2006 - 2008)

  11. W

    ES Journal Archive (2006 - 2008)

    The buying into volatility is standard institutional practice. They will always have you beat because they have much deeper pockets! Very easy for "them" to turn a loser into a winner. I would assume only a handful on ET can do that.
  12. W

    ES Journal Archive (2006 - 2008)

    and if your trading the globex 100+ lot size with the improper account size, it would be wise to have a broker with pit access.
  13. W

    ES Journal Archive (2006 - 2008)

    yes, 10% gap on price.
  14. W

    ES Journal Archive (2006 - 2008)

    and thanks to B1S2 for that emphasis on leverage ratio.
  15. W

    ES Journal Archive (2006 - 2008)

    Trade with the proper size account to support a 100+ lot position so that even a 10% gap against you should just be a blip in your equity curve.
  16. W

    The most common psycholgical challenge people encounter when trading

    There are many extremely intelligent and financially sophisticated people, oftentimes finance professionals, who are still incapable of executing a plan properly. The most common reason for the "failure to execute" shortcoming is the emotional inability to go against the market. Commonly...
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    ES Journal Archive (2006 - 2008)

    Being a natural fundamental skeptic, I validated what was taught by B1S2 and added it to my system and it has proven itself a keeper. I end my comments here and leave it to you to prove his statements to yourselves. All the best and once again thank you B1S2.
  18. W

    ES Journal Archive (2006 - 2008)

    Compare that with holding 20% of your trades after hitting 80% of your profit target. hmmm.
  19. W

    ES Journal Archive (2006 - 2008)

    yes, you may have worked at McKinsey or with some Mckinseyites?
  20. W

    ES Journal Archive (2006 - 2008)

    you will see 80/20 rule wherever you look. 20% of the population controls 80% of the wealth, 80% of your profits will come from 20% of your trades, 80% of a companies sales will come from 20% of the sales force, 20% of traders in the market will make 80% of the money.
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